Capital market regulator SEBI has cleared four initial public offerings to raise ₹1,840 crore cumulatively. According to reports from The Hindu BusinessLine and Business Standard, the three companies filed their preliminary IPO papers in December and received SEBI's observations during May 6-14. The approvals represent significant developments in India's IPO pipeline, with each company planning substantial fundraising through their respective public offerings. In SEBI's parlance, obtaining observations is equivalent to securing approval to float public offering.
Automotive lighting products maker Neolite plans to raise ₹600 crore through its maiden public offering, as reported by The Hindu BusinessLine and Business Standard. The issue includes fresh share issuance of up to ₹400 crore along with an offer for sale of ₹200 crore by promoters and a shareholder. The company will utilize proceeds from the fresh issue for setting up a new manufacturing facility at Kancheepuram in Tamil Nadu besides purchasing plant and machinery, electronic expansion at existing manufacturing facilities, payment of debt and general corporate purposes. Neolite ZKW caters to OEMs across passenger vehicles, commercial vehicles, off-road vehicles, two-wheelers and three-wheelers and has a strategic alliance with ZKW group GMBH (which became a subsidiary of LG Electronics in 2018). Founded in 1992, the company will be listed on both BSE and NSE.
SS Retail, a mobile phone retailer, plans to mop-up ₹500 crore through IPO, according to The Hindu BusinessLine and Business Standard. The issue consists of fresh issue of shares worth ₹300 crore, along with an OFS of ₹200 crore by promoters and other shareholders. The proceeds of the fresh issue will be used to fund capital expenditure for fit outs towards setting up of new stores in FY27 and FY28, working capital requirements and general corporate purposes. This represents a significant expansion opportunity for the mobile phone retail sector, with SS Retail operating as a multi-brand retail chain for mobile phones, accessories and other electronic items with operations in four states -- Maharashtra, Karnataka, Madhya Pradesh, and Goa with focus on tier-II and tier-III cities and beyond.
Aspri Spirits IPO consists of a total issue size of ₹140 crore through a fresh issue of equity shares, in addition to an Offer for Sale of up to 50 lakh equity shares, as reported by The Hindu BusinessLine and Business Standard. Aspri Spirits is a major importer and distributor of premium alcoholic beverages in India, holding exclusive rights to brands such as The Dalmore, Whyte & Mackay, and various wines. As of September 30, 2025, the company had 323 brands in its portfolio, marking it as the largest in the nation by brand count. The company will be listed on both BSE and NSE. Proceeds from the fresh issue will support debt payment for the company and its subsidiaries -- Vinspri Distributors, P M Marketing, Asdis Drinks India, and Aspri Spirits FZE and general corporate purposes.
Teamtech Formwork Solutions IPO opens from May 19-21, 2026 with a price band of ₹61-63 per share and NSE SME listing scheduled for May 26, 2026. According to latest reports, the company has demonstrated strong financial performance with revenue growing from ₹30.31 crore to ₹54.23 crore and PAT reaching ₹11.59 crore. This represents a significant expansion opportunity in the formwork solutions sector, with the company positioned to capitalize on India's infrastructure development and construction boom.
Saregama India reported its highest ever quarterly Adjusted EBITDA of ₹1,327 million in Q4 FY26, recording a year-on-year growth of 31%, with quarterly revenue from operations growing 19% to ₹2,874 million. The company's full-year adjusted EBITDA reached ₹4,047 million, up 13% year-on-year, while music segment revenue grew 17% to ₹8,144 million. According to the company's latest financial results published in Financial Express and Aajkaal newspapers on May 15, 2026, the Music segment's annual EBITDA stood at ₹5,167 million, a 22% YoY increase, with the annual Net Margin reaching ₹3,768 million, growing 28% YoY. The company's net worth increased to ₹16,927 million from ₹15,834 million in the previous year, while total assets grew to ₹23,220 million from ₹20,952 million.
